Conviction Insights represents our highest conviction calls from across our coverage universe. This month we add Pacific Smiles Group (PSQ) to our Conviction Insights lineup. An independent operator of dental clinics in Australia, its addition is driven by 4 key factors:
13th Apr, 2021
Following 7 months of overperformance from Australian banks, the upcoming results season is likely to be well received by the market. In our monthly view on Australian equities we look at 4 areas of focus we believe will shape reporting season:
9th Apr, 2021
Australian equities performed quite strongly during the first three months of 2021, delivering around half the long-term annualised return of the market.
1st Apr, 2021
The vaccine rollout is likely to drive the reopening of economies in 2QCY2021 and has the potential to reorder consumption patterns.
25th Mar, 2021
The rapid rise in long bond yields during 2021 has challenged the market narrative around the persistence of low interest rates. Australian 10-year bonds yields have moved up +100bps to 1.9%. This is a dramatic rise in such a short period relative to prior bond market sell-offs over the last 10 years.
11th Mar, 2021
Conviction Insights represents our highest conviction calls from across our coverage universe. Following an active month of investment rating changes across our coverage list, and taking stock of reporting season, we have made 2 changes to our Conviction Insights lineup:
2nd Mar, 2021
Shaped by 3 major trends - earnings upgrades, higher dividends and strong cash generation - while earnings and dividends have been negatively impacted for the market as a whole, the February reporting season has been well-received relative to expectations.
25th Feb, 2021
As we approach the halfway point of the February reporting season, the clear trend is that corporate Australia has bounced back strongly over the second half of CY20, with the improving domestic economy translating into improved earnings and dividends.
18th Feb, 2021
The share prices of the major miners are trading at close to 12-month highs following an extraordinary 2020 that contained both a global recession and the largest global stimulus program witnessed post-war. This has investors rightly asking whether the party can continue?
11th Feb, 2021